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KUALA LUMPUR (September 22): Tan Sri Jamaludin Ibrahim will step down as president of Celcom Axiata Bhd on October 15, while Datuk Izzaddin Idris will assume the presidency as of October 16, according to a statement from Axiata Group Bhd.
Izzaddin is currently Group Chief Executive Officer / Deputy Managing Director and Appointed General Director of the Axiata Group, and Chairman of the Board of Celcom Axiata.
In the statement, Axiata said that this transition is a decisive step forward and part of the larger plan in the smooth and seamless leadership succession plan at Axiata.
Jamaludin, whom Axiata announced in January that his contract expired on March 2 extended to the end of the year, will continue his role as president and CEO of the Axiata group until the end of December.
Datuk Izzaddin Idris
“After managing the Board of Directors of Celcom Axiata for more than 12 years, it is timely for me to deliver the [reins] to Datuk Izzaddin. This is part of the overall transition plan announced earlier this year, where Datuk Izzaddin will assume all my responsibilities in a step-by-step planned process to ensure a smooth succession. Currently, he has already overseen several key corporate functions and has assumed leadership positions in some key subsidiaries, including Celcom Axiata, “Jamaludin said in the statement.
“Under his capable and experienced leadership but with a new direction, Datuk Izzaddin, along with the board and Idham Nawawi, the CEO, Celcom Axiata will definitely chart new growth and success. I take this opportunity to thank all the members of the board and the management of Celcom Axiata for the support they gave me during my tenure and I will continue to unite and pray for the best for the company, ”said Jamaludin.
“The boards of Celcom Axiata and Axiata accept this news with great regret and gratitude for Jamaludin’s 12 years of dedicated service to the company. Jamaludin has served as Celcom president since the spin-off of Celcom and Telekom Malaysia International from Telekom Malaysia. in 2008 “, further reading of Axiata’s statement.
In the meantime, Izzaddin expressed his appreciation for the trust of the boards of Axiata and Celcom Axiata, and said that the past nine months have been an exceptional familiarization experience for him.
“Together with the management of Celcom Axiata under Idham’s leadership, I look forward to pursuing its transformation agenda that covers the operational, financial and strategic aspects of the business,” added Izzaddin.
At the time of writing, Axiata’s shares fell 0.32% or one sen to RM3.14, giving it a market capitalization of RM28.79 billion.
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